Journal of Internet Banking and Commerce
|
|
- Noel Freeman
- 6 years ago
- Views:
Transcription
1 Journal of Internet Banking and Commerce An open access Internet journal ( Journal of Internet Banking and Commerce, June 2017, vol. 22, no. S8 Special Issue: Mobile banking: A service provider perspective Edited By: Mihail N. Dudin TREASURY SINGLE ACCOUNT POLICY AND GOVERNMENT REVENUE IN NIGERIA ADETULA DORCAS* Department of Accounting, Covenant University, Canaan land, Nigeria, Tel: ; dorcas.adetula@covenantuniversity.edu.ng ADEGBENJO STEPHEN Department of Accounting, Covenant University, Canaan land, Nigeria OWOLABI FOLASHADE Department of Accounting, Covenant University, Canaan land, Nigeria ACHUGAMONU UZOMA Department of Banking and Finance, Covenant University, Canaan land, Nigeria OJEKA STEPHEN Department of Accounting, Covenant University, Canaan land, Nigeria Abstract Over the years, the Nigerian economy has deeply relied on revenue generated from the sale of crude oil for the running of government activities; and this has brought reckless spending and mismanagement of public funds in governance. Before now, several
2 JIBC June 2017, Vol. 22, No.S8-2 - government agencies in Nigeria were self-sufficient to collect money on behalf of the federal government and they had the freedom to expend part of it since they only needed to remit only a portion of the declared amount. Several challenges are posed due to high cost of cash management in Nigeria economy which is increasing every year. One of the challenges arising from high-cash usage among others includes operation of multiple accounts. Governments have been operating multiple accounts for revenue collection and spending in contrary to the provision of the Nigerian Constitution which requires that all government revenue generation must be remitted into a single account. As a result of economic challenges, Central Bank of Nigeria was directed to open a Consolidated Revenue Account where all government revenue, incomes and inflows are collected into one single account maintained by the Central Bank of Nigeria (CBN, 2014). This is known as Treasury Single Account (TSA). Keywords: Nigerian Economy; Federal Government; Commercial Banks; Financial Sector Adetula Dorcas, 2017 INTRODUCTION Over the years, the Nigerian economy has deeply relied on revenue generated from the sale of crude oil for the running of government activities; and this has brought reckless spending and mismanagement of public funds in governance. Before now, several government agencies in Nigeria were self-sufficient to collect money on behalf of the federal government and they had the freedom to expend part of it since they only needed to remit only a portion of the declared amount. Several challenges are posed due to high cost of cash management in Nigeria economy which is increasing every year. One of the challenges arising from high-cash usage among others includes operation of multiple accounts. Governments have been operating multiple accounts for revenue collection and spending in contrary to the provision of the Nigerian Constitution which requires that all government revenue generation must be remitted into a single account. As a result of economic challenges, Central Bank of Nigeria was directed to open a Consolidated Revenue Account where all government revenue, incomes and inflows are collected into one single account maintained by the Central Bank of Nigeria [1]. This is known as Treasury Single Account (TSA). In 2012, the Nigerian government implemented the first phase of a single account policy with 217 ministries, departments and agencies as a case study and about N500 billion was saved from the reckless spending of the MDAs. Government was motivated with the achievement of this policy and also urged all banks to employ the technology platform that will help to accommodate the TSA policy [2]. Treasury Single Account (TSA) could be described as part of the Economic Reform Programme of the Federal Republic of Nigeria to facilitate a unified structure of government bank account for all government transactions. The new system of accounting is part of campaign for zero-tolerance for corruption. It is expected to consolidate all cash resources of the government in all MDAs which were previously
3 JIBC June 2017, Vol. 22, No.S8-3 - purposely located in various bank accounts, under one unified management and control [3,4]. Apart from availing the government of effective control of cash resources, TSA will also guarantee timely information on its cash resources on real time and online and harmonizes government servicing of its obligations [5]. Where necessary, the government seeks appropriate legislations and legal backing to facilitate the relevant regulatory environment towards its successful implementation. The major benefit of a Treasury Single Account is to enhance government revenue generation and to ensure transparency and accountability in government expenditure [6]; it could also help to minimize revenue leakages that have been a major challenge to the growth and development the Nigerian Economy [7]. The introduction of TSA may put a stop to the MDAs that manage their finances like independent entities and remit revenue to government treasuries at will. If TSA is properly guided and there is constant review of this policy, financial recklessness of agencies of government may be curtailed and force spending within the approved budget provisions. Accountant-General of the Federation is charged with the responsibility and coordination of TSA policy and one of the duties of the Accountant-General of the Federation is to disallow MDAs from operating secret bank accounts which might eventually lead to revenue leakages, [3]. Therefore, commercial banks could lose greatly from the implementation of this policy. This is because of the fact that public sector funds constitute a large percentage of commercial banks deposits. About N2.4 trillion of public funds are kept in the commercial banks before the implementation of the Treasury Single Account Policy (Office of the Accountant-General of the Federation). Statement of the Problem The Economic situation in the country presently made the government of President Muhammadu Buhari to look inward on how government could improve the revenue generation and bridge the gap of corruption, misapplication and mismanagement of public funds. Challenges against the adoption of TSA policy in Nigeria is enormous, initially, some MDAs are against the implementation of TSA because of their usual and sharp dealings with the public funds. However, the implementation of this policy is a critical step towards curbing mismanagement of funds in public sector and to ensure accountability and transparency in the management of public funds [8], and also enables efficient control and monitoring fund flow to critical sectors of the economy to sustain growth and development. While the TSA would ensure greater transparency and accountability in public finance, especially at the federal level, some critics are concerned that it may drive a liquidity squeeze on the commercial banks and negatively influence interest rates to rise. By such argument, jobs may be lost while borrowing would drop significantly. Studies have indicated that Banks have had significant reduction in their level of government s deposits. It is not just because of the reduction in oil price, it is also because of the restructuring of the fiscal accounting, in which the TSA has been implemented. Onasanya [9] added that liquidity in the financial sector shrank as a result of adopting TSA. This is because public accounts previously domiciled in commercial banks have now been moved to the central bank. Various persons have expressed concerns in this
4 JIBC June 2017, Vol. 22, No.S8-4 - regard. For instance, analysts postulate that banks operational in Nigeria may be losing deposits as much N2 trillion to the central bank. This has created a fierce competition in the money market whereby banks tussle for funds in order to increase their liquidity position. Also, the global rating agency, Fitch, posits that the Nigerian financial sector may be heading into a stormy period. This may occur because their operating conditions may not be favourable as there is likelihood that there may be decline in liquidity and even profitability. It is against this background that this study examines the treasury single account policy on government revenue remittance in Nigeria. The main objective of the study is to examine the impact of Treasury Single Account policy on government revenue remittance in Nigeria and the specific objectives of this study are: 1. To determine how treasury single account policy can assist in blocking government revenue leakages and 2. To ascertain the impact of treasury single account policy on curbing mismanagement and misappropriation of government revenue. The following research questions were answered in this study: 1. To what extent will treasury single account policy significantly assist in blocking government revenue leakages? 2. What is the impact of treasury single account policy on curbing mismanagement and misappropriation of government revenue? The following null hypotheses were formulated and tested for the study: 1. Ho 2 : Treasury Single Account policy does not significantly assist in blocking government revenue leakages. 2. Ho 3 : Treasury Single Account policy does not have any significant impact on curbing mismanagement and misappropriation of government revenue. The remaining part of the paper is segmented into five sections: Section two is literature review, section three explains the research method adopted for the study, section four focuses on the analysis and section five gives the summary, conclusion and recommendations. LITERATURE REVIEW AND THEORETICAL FRAMEWORK Public Finance Management Theory This theory assumed that all aspects of financial resources-mobilization and expenditure should be well managed in government for the benefits of the citizenry. It includes resources mobilization, prioritization of programmes, the budgetary process, efficient management of resources and exercising control to guide against threats. Treasury Single Account (TSA) primarily is to avoid misapplication of public funds. Ekubiat and Ime [10] claimed that Nigeria s Public Funds at all levels have not been
5 JIBC June 2017, Vol. 22, No.S8-5 - adequately accounted for by previous regimes. The study examined the benefits, challenges and prospects of adoption of Treasury Single Account (TSA) by State Governments of Nigeria using a descriptive cross-sectional survey design. Their finding reveals that, TSA adoption and full implementation by the state governments would be of greatest benefit and there could be challenges in a short-run but the benefits at a long-run would definitely out-weight the challenges. They recommended that State Governments of Nigeria should adopt and fully implement TSA for successful control and accountability of public funds so as to avoid bailout funds always from any source. State governments should enlighten all stakeholders on the benefits of TSA adoption as well as professional and regulatory bodies (ICAN,CBN,IMF,etc.) should help in designing, conceptualizing and road-mapping of TSA for the states. RESEARCH METHODS The survey research design was adopted in this study and copies of questionnaire were administered to respondents. The population comprises of the Nigerian Civil Aviation Authority, Aviation House, Ikeja, Lagos and Federal Inland Revenue Service (FIRS) regional office in Ikoyi, Lagos. Using the purposive sampling method, a sample of One hundred and fifty (150) respondents were selected from the population. The method of analysis was linear regression to explain the relationships between its variables. DATA ANALYSIS There were two hypotheses formulated and tested in this study. The linear regression was the method of analysis and that was the basis of either accepting or rejecting the null hypotheses. Hypothesis 1 Ho 2 : Treasury Single Account policy does not significantly assist in blocking government revenue leakages. Table 1: Treasury Single Account (TSA) policy and blocking government revenue leakages in Nigeria. Model Unstandardized Coefficients Standardized Coefficients B Std. Error Beta T Sig. (Constant) TSA policy Dependent Variable: blocking government revenue leakages. In Table 1 above, Treasury Single Account (TSA) policy produced statistical significance in blocking government revenue leakages, with a beta value (beta =.115, p <.001, Sig ). This implies that the variable, Treasury Single Account (TSA) policy has made a
6 JIBC June 2017, Vol. 22, No.S8-6 - significant unique contribution to blocking government revenue leakages. Hypothesis 2 Ho 3 : Treasury Single Account policy does not have any significant impact on curbing mismanagement and misappropriation of government revenue. Table 2: TSA and Curbing mismanagement and misappropriation of government revenue. Model Unstandardized Coefficients B Std. Error Beta Standardized Coefficients (Constant) TSA policy Dependent Variable: Curbing mismanagement and misappropriation of government revenue. INTERPRETATION AND CONCLUSION In Table 2 above, Treasury Single Account (TSA) policy had a statistical significance in curbing mismanagement and misappropriation of government revenue. With a beta value (beta =.177, p <.001, Sig ). This implied that the variable, Treasury Single Account (TSA) policy plays a significant role in curbing of mismanagement and misappropriation of government revenue. The public finance management theory corroborates the findings that all aspects of financial resources-mobilization and expenditure should be well managed in government for the benefits of the citizenry. The application of these policies has urged banks to change from their armchair banking and regulations, but to double their efforts in attracting more customers into the system to enable them to have adequate funds to operate. Summary of Findings, Conclusion and Recommendation The research work examined examines the impact of Treasury Single Account policy on government revenue remittance in Nigeria. The study derived data mainly from primary source using questionnaire administered to randomly selected staff of public sector in Lagos state. From the analysis of the responses obtained, TSA policy has increasingly helped to support the collection and remittance of all government revenue but yet to safeguard close monitoring of government expenditure. RECOMMENDATIONS With the result of this study the following recommendation were proffered: 1. The effectiveness and efficiency of TSA policy can be enhanced by having adequate and close monitoring of government expenditure and not only revenues. t Sig.
7 JIBC June 2017, Vol. 22, No.S The state government accounting system should be designed to record all transactions and capture relevant information independently of the cash flows in specific bank accounts. Government accountants and heads of State MDAs should be well trained to meet up with the challenges of TSA operations. REFERENCES 1. Central Bank of Nigeria (2014) Communiqué No. 94 of the monetary policy committee meeting. 2. Okwe M, Chijioke N, Temilulowa A, David O (2015) Treasury Single Account: giving life to jonathan s dead policy directives. Sunday Guardian 16: Adeolu IA (2015) Business and economy; market development-understanding the Treasury Single Account (TSA) system. John Archers Publishers, Nigeria. 4. Danladi IK (2015) Re: introduction of Treasury Single Account (TSA), E-collection of government receipts. Head of Service of the Federation, Federal Secretariat, Nigeria. 5. Chukwu I (2015) Can Treasury Single Account (TSA) Work in Nigeria. Vanguard Editorial Newspaper 16: Adams D (2015) CBN advises states to adopt treasury single account. Web Publication. 7. Eme OI, Chukwurah DC (2015) An Analysis of Pros and Cons-Treasury Single Account Policy in Nigeria. Arabian Journal of Business and Management Review (OMAN Chapter). 8. Iroegbu C (2015) Treasury Single Account II block leakages. Vanguard. 9. Onasanya B (2011) First Bank under Onasanya s leadership: an overview. Guardian. 10. Ekubiat JU, Ime EE (2016) Adoption of Treasury Single Account (TSA) by State Governments of Nigeria: benefits, challenges and prospects. Journal of Finance and Accounting 4:
The Adoption of the Treasury Single Account (Tsa) and Its Effect on Revenue Leakages of Nigerian States
American Research Journal of Business and Management (ARJBM) ISSN (Online) : 2379-1047, 10 pages Research Article The Adoption of the Treasury Single Account (Tsa) and Its Effect on Revenue Leakages of
More informationAssessing the Effectiveness of the Treasury Single Account as a Tool for Curbing Financial Irregularities in the Nigerian Public Sector
Assessing the Effectiveness of the Treasury Single Account as a Tool for Curbing Financial Irregularities in the Nigerian Public Sector Dr. Eno Gregory Ukpong & Mrs. Ese Bassey Nsentip Department of Accounting
More informationCost Effectiveness Evaluation and Public Sector Treasury Single Account Policy Implementation in Nigeria
Cost Effectiveness Evaluation and Public Sector Treasury Single Account Policy Implementation in Nigeria OBI EMMANUEL CHINASA DEPARTMENT OF ACCOUNTING, IGNATIUS AJURU UNIVERSITY OF EDUCATION, PORT HARCOURT
More informationJournal of Internet Banking and Commerce
Journal of Internet Banking and Commerce An open access Internet journal (http://www.icommercecentral.com) Journal of Internet Banking and Commerce, May 2017, vol. 22, no. S8 Special Issue: Mobile banking:
More informationKeywords Banking sector liquidity, Economic corruption, Public accounting system, Treasury Single Account.
The Impact of Treasury Single Account on the Liquidity of Banks in Nigeria Opeyemi O. Ajetunmobi a Kehinde Adesina a Samuel O. Faboyede b B. Peter Adejana a a Department of Accounting, College of Business
More informationOperating Treasury Single Account in Public Services: The Challenges and Prospects in Nigeria
Operating Treasury Single Account in Public Services: The Challenges and Prospects in Nigeria 1 Talabi, A. O. ; 2 Adekanmbi, J. A. ; 3 omula, G.O. 1 Department of Accountancy, The Federal Polytechnic,
More informationEffect of Treasury Single Account on the Liquidity of Deposit Money Banks in Nigeria
IOSR Journal of Economics and Finance (IOSR-JEF) e-issn: 2321-5933, p-issn: 2321-5925.Volume 8, Issue 4 Ver. III (Jul. -Aug.2017), PP 55-60 www.iosrjournals.org Effect of Treasury Single Account on the
More informationImpact of Treasury Single Account on the Performance of the Banking Sector in Nigeria
IOSR Journal of Economics and Finance (IOSR-JEF) e-issn: 2321-5933, p-issn: 2321-5925.Volume 8, Issue 4 Ver. I (Jul. Aug.2017), PP 08-15 www.iosrjournals.org Impact of Treasury Single Account on the Performance
More informationAnalysis of the Impact of Treasury Single Account on the Performance of Banks in Nigeria
Open Journal of Statistics, 018, 8, 457-467 http://www.scirp.org/journal/ojs ISSN Online: 161-7198 ISSN Print: 161-718X Analysis of the Impact of Treasury Single Account on the Performance of Banks in
More informationDeterminants of Capital Structure in Nigeria
International Journal of Innovation and Applied Studies ISSN 2028-9324 Vol. 3 No. 4 Aug. 2013, pp. 999-1005 2013 Innovative Space of Scientific Research Journals http://www.issr-journals.org/ijias/ Determinants
More informationEFFECT OF PUBLIC EXPENDITURE MANAGEMENT CONTROL MECHANISM ON SERVICE DELIVERY: THE PERCEPTION OF CIVIL SERVANTS IN BENUE STATE, NIGERIA
EFFECT OF PUBLIC EXPENDITURE MANAGEMENT CONTROL MECHANISM ON SERVICE DELIVERY: THE PERCEPTION OF CIVIL SERVANTS IN BENUE STATE, NIGERIA Dr. Paul Aondona Angahar Department of Accounting, Benue State University,
More informationEvaluating the Measures of Generating Internal Revenue for Government in Oyo State, Nigeria.
Evaluating the Measures of Generating Internal Revenue for Government in Oyo State, Nigeria. ABSTRACT AJALA, Oladayo Ayorinde Department of Management and Accounting Ladoke Akintola University of Technology,
More informationBudget Monitoring and Control in Selected Federal Ministries in Nigeria
Submission Date: 03/08/014 Accepted: 29/10/014 Published: 30/10/014 Subject Area of Article: Management Accounting Budget Monitoring and Control in Selected Federal Ministries in Nigeria By Dr. Abdullahi
More informationEffects of Treasury Single Account on Public Finance Management in Nigeria
ABSTRACT Effects of Treasury Single Account on Public Finance Management in Nigeria Dr. Yusuf Maiwada Bashir Department of accounting and finance faculty of management sciences ATB University Bauchi, Nigeria.
More informationPUBLIC SECTOR EXPENDITURE AND THE ECONOMIC DEVELOPMENT IN NIGERIA ( )
PUBLIC SECTOR EXPENDITURE AND THE ECONOMIC DEVELOPMENT IN NIGERIA (1999-2015) Omodero, Cordelia Onyinyechi ACA, MSc and Ph.D Scholar Department of Accounting, Michael Okpara University of Agriculture,
More informationNigerian Journal of Management Technology & Development. ISSN: Volume 7 Number 2 December, Abstract
Treasury Single Account (TSA) as an Effective Instrument of Financial Prudence and Management in Nigeria: Prospects and Problems. 1Yusuf Aliyu and 2 Mohammed Sabo Bello Department of Accounting, Faculty
More informationAnAnalysisofContributionsofHouseholdSectorPrivateCorporateSectorandPublicSectorinGrossDomesticSavingsandThusGrossCapitalFormationofIndia
Global Journal of Management and Business Research: B Economics and Commerce Volume 15 Issue 2 Version 1.0 Year 2015 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals
More informationTest of Capital Market Efficiency Theory in the Nigerian Capital Market
Test of Capital Market Efficiency Theory in the Nigerian Capital Market OGUNDINA, John Ayodele Department of Accounting and Finance Lagos State University, Ojo, Lagos, Nigeria. E mail:ayodelejohayo@yahoo.com:
More informationThe Perception of the Contributory Pension Scheme Administration by the Staff of University of Benin
261 An International Multi-disciplinary Journal, Ethiopia Vol. 10(3), Serial No.42, June, 2016: 261-278 ISSN 1994-9057 (Print) ISSN 2070-0083 (Online) Doi: http://dx.doi.org/10.4314/afrrev.v10i3.17 The
More informationTreasury Single Account: The Fraud Reduction Strategy
Volume 5 Issue, ovember 208 I: 2394-4404 Treasury ingle Account: The Fraud Reduction trategy Eleng David Mbotor B.c, Msc, Ph.D in view, ACCA, Lecturer, Department of Accountancy, Cross River University
More informationAc. J. Acco. Eco. Res. Vol. 3, Issue 2, , 2014 ISSN:
2014, World of Researches Publication Ac. J. Acco. Eco. Res. Vol. 3, Issue 2, 118-128, 2014 ISSN: 2333-0783 Academic Journal of Accounting and Economics Researches www.worldofresearches.com Influence of
More informationCONTRIBUTORY PENSION SCHEME AND WORKERS SAVING IN NIGERIAN RAILWAY CORPORATION
CONTRIBUTORY PENSION SCHEME AND WORKERS SAVING IN NIGERIAN RAILWAY CORPORATION Abdullahi Yusuf and Aishat O.AbdulKareem Department of business administration, Ahmadu Bello University, Zaria E-mail:yabdul50@gmail.com
More informationInternational Journal of Research in Arts and Social Sciences. V0l. 9, No. 2
THE PROSPECTS AND THE CHALLENGES OF TREASURY SINGLE ACCOUNT POLICY TO ECONOMIC MANAGEMENT AND DEVELOPMENT OF NIGERIA Anoruo Adolphus Chukwuemeka & Aforkwalam Augustine Imo State Polytechnic; Umuagwo. Imo
More informationFINANCIAL PERFORMANCE AND CORPORATE GOVERNANCE DISCLOSURE IN INDIAN AND NEPALESE COMMERCIAL BANKS
FINANCIAL PERFORMANCE AND CORPORATE GOVERNANCE DISCLOSURE IN INDIAN AND NEPALESE COMMERCIAL BANKS HIMAL BHATTRAI 1 Dr SHINU ABHI 2 Dr U.M PREMALATHA 3 1 Research Scholar, Reva University, Bangalore, India
More informationBank Credits and Agricultural Development: Does it Promote Entrepreneurship Performance?
International Journal of Business and Social Science Vol. 5, No. 11(1); October 2014 Bank Credits and Agricultural Development: Does it Promote Entrepreneurship Performance? Money, Udih PhD Federal University
More informationJournal of Internet Banking and Commerce
Journal of Internet Banking and Commerce An open access Internet journal (http://www.icommercecentral.com) Journal of Internet Banking and Commerce, August 2017, vol. 22, no. 2 A STUDY BASED ON THE VARIOUS
More informationTreasury Single Account: A Tool for Effective Cash Management in Nigeria
Journal of Finance and Accounting 2016; 4(6): 328-335 http://www.sciencepublishinggroup.com/j/jfa doi: 10.11648/j.jfa.20160406.13 ISSN: 2330-7331 (Print); ISSN: 2330-7323 (Online) Treasury Single Account:
More informationOpinion and Perception of Treasury Single Account Implementation: Implications for Revenue Generation and Utilisation in Nigeria
Opinion and Perception of Treasury Single Account Implementation: Implications for Revenue Generation and Utilisation in Nigeria Abiola Abosede Solanke Department of Accountancy, the Federal Polytechnic,
More informationAhmad A. Abubakar, PhD Department of Accounting, Adamawa State University, Mubi, Nigeria
Treasury Single Account: A Viable Tool for Repositioning Government Ministries, Departments and Agencies (MDAs) for Sustainable Development in Nigeria Ahmad A. Abubakar, PhD Department of Accounting, Adamawa
More informationchief executive officer shareholding and company performance of malaysian publicly listed companies
chief executive officer shareholding and company performance of malaysian publicly listed companies Soo Eng, Heng 1 Tze San, Ong 1 Boon Heng, Teh 2 1 Faculty of Economics and Management Universiti Putra
More informationBy Ezugwu, C.I. & Agbaji, J. Kogi State University, Nigeria. Keywords: contribution; internally; generated; revenue; total; tax.
Global Journal of Management and Business Research: D Accounting and Auditing Volume 14 Issue 3 Version 1.0 Year 2014 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals
More informationCAPITAL BUDGETING AND RISK MANAGEMENT IN SMALL AND MEDIUM ENTERPRISES
CAPITAL BUDGETING AND RISK MANAGEMENT IN SMALL AND MEDIUM ENTERPRISES By Yusuf R. Babatunde, Ph.D Department of Accounting and Finance, Lagos State University, Ojo. Bolarinwa S. Abike Department of Accounting
More informationFEDERAL GOVERNMENT TREASURY SINGLE ACCOUNT (TSA) DEPOSITS AND COMMERCIAL BANKS PERFORMANCE
FEDERAL GOVERNMENT TREASURY SINGLE ACCOUNT (TSA) DEPOSITS AND COMMERCIAL BANKS PERFORMANCE Anastasia Chi-chi ONUORAH Department of Accounting, Banking and Finance, Faculty of Management Sciences, Delta
More informationJournal of Internet Banking and Commerce
Journal of Internet Banking and Commerce An open access Internet journal (http://www.icommercecentral.com) Journal of Internet Banking and Commerce, December 2017, vol. 22, no. 3 TREASURY MANAGEMENT POLICY
More informationMohammed Ibrahim Obeidat Al Khawarizmi International College. Adnan Jawabri Al Khawarizmi International College
The Impact of Working Capital Management on the Profitability of Construction Equipment Firms: Evidence from Listed Construction Equipment Firms in Abu Dhabi Stock Exchange Mohammed Ibrahim Obeidat Al
More informationBUDGET AS AN INSTRUMENT OF FINANCIAL CONTROL IN BUSINESS ORGANISATIONS: A CASE STUDY OF BETA GLASS PLC, UGHELLI, DELTA STATE, NIGERIA
BUDGET AS AN INSTRUMENT OF FINANCIAL CONTROL IN BUSINESS ORGANISATIONS: A CASE STUDY OF BETA GLASS PLC, UGHELLI, DELTA STATE, NIGERIA Edafiaje, A. L. Department of Banking and Finance Delta State Polytechnic,
More informationRisk Analysis and its impact on return: A Study on Manufacturing Companies in Sri Lanka
Basic Research Journal of Business Management and Accounts ISSN 2315-6899 Vol. 1(5) pp. 78-83 December 2012 Available online http//www.basicresearchjournals.org Copyright 2012 Basic Research Journal Review
More informationImpact of Mergers and Acquisitions on Earnings and Net Assets per Share Indices of Companies in Nigeria
Impact of Mergers and Acquisitions on Earnings and Net Assets per Share Indices of Companies in Nigeria Sergius Nwannebuike Udeh Ph.D, Acma Department of Accounting/Finance, Godfrey Okoye University,Ugwuomu
More informationInvestigating the Effectiveness of TSA in Blocking Public Funds Leakages in Nigeria
Investigating the Effectiveness of TSA in Blocking Public Funds Leakages in Nigeria Olorunnishola, Florence Yemisi & Fasina, Hassan Taiwo To Link this Article: http://dx.doi.org/10.6007/ijarbss/v8-i4/4064
More informationThe Effect of Ownership Concentration on Firm Value of Listed Companies
IOSR Journal Of Humanities And Social Science (IOSR-JHSS) Volume 19, Issue 1, Ver. VII (Jan. 214), PP 9-96 e-issn: 2279-837, p-issn: 2279-845. The Effect of Ownership Concentration on Firm Value of Listed
More informationMacro-Economic Policies and the Performance of Nigerian Financial Institutions
International Journal of Management Science 207; 4(5): 66-7 http://www.aascit.org/journal/ijms ISSN: 2375-3757 Macro-Economic Policies and the Performance of Nigerian Financial Institutions Olatunji Eniola
More informationDisclosure of Financial Statements and Its Effect on Investor s Decision Making in Jordanian Commercial Banks
International Journal of Economics and Finance; Vol. 10, No. 2; 2018 ISSN 1916-971X E-ISSN 1916-9728 Published by Canadian Center of Science and Education Disclosure of Financial Statements and Its Effect
More informationRole of Commercial Banks in Improving Business Condition of Pakistan through Loan Facility
Role of Commercial Banks in Improving Business Condition of Pakistan through Loan Facility AUTHOR DETAILS: SAIMA AFSHEEN MS Scholar, Department Of Management Science, City University of Science & Information
More informationCapital structure and its impact on firm performance: A study on Sri Lankan listed manufacturing companies
Merit Research Journal of Business and Management Vol. 1(2) pp. 037-044, December, 2013 Available online http://www.meritresearchjournals.org/bm/index.htm Copyright 2013 Merit Research Journals Full Length
More informationEmpirical Analysis of Indirect Taxation and Economic Development of Nigeria
DOI : 10.18843/ijms/v5i3(8)/03 DOIURL :http://dx.doi.org/10.18843/ijms/v5i3(8)/03 Empirical Analysis of Indirect Taxation and Economic Development of Nigeria Prof. Ocheni, Faculty of Management Science,
More informationTreasury Single Account - Transparency & Accountability in Public Finance Mgt in Nigeria 343
Treasury Single Account Transparency and Accountability in Public Finance Management in Nigeria: The Journey So Far IGBOKWE-IBETO, C. J. NKOMAH, B. B. OSAKEDE, K. O. KINGE, R. F. Abstract he purpose of
More informationGIAN JYOTI E-JOURNAL, Volume 2, Issue 3 (Jul Sep 2012) ISSN X FOREIGN INSTITUTIONAL INVESTORS AND INDIAN STOCK MARKET
FOREIGN INSTITUTIONAL INVESTORS AND INDIAN STOCK MARKET Dr Renuka Sharma 1 & Dr. Kiran Mehta 2 Abstract The investment made by FIIs in any capital market has grabbed the attention of researchers to identify
More informationIMPACT OF BANK SIZE ON PROFITABILITY: EVIDANCE FROM PAKISTAN
Volume 2, 2013, Page 98-109 IMPACT OF BANK SIZE ON PROFITABILITY: EVIDANCE FROM PAKISTAN Muhammad Arif 1, Muhammad Zubair Khan 2, Muhammad Iqbal 3 1 Islamabad Model Postgraduate College of Commerce, H-8/4-Islamabad,
More informationTHE IMPACT OF OPERATIONAL RISK IN CAPITAL ADEQUACY RATIO IN ALBANIA
International Journal of Economics, Commerce and Management United Kingdom Vol. IV, Issue 6, June 2016 http://ijecm.co.uk/ ISSN 2348 0386 THE IMPACT OF OPERATIONAL RISK IN CAPITAL ADEQUACY RATIO IN ALBANIA
More informationJournal of Internet Banking and Commerce
Journal of Internet Banking and Commerce An open access Internet journal (http://www.icommercecentral.com) Journal of Internet Banking and Commerce, May 2017, vol. 22, no. S8 Special Issue: Mobile banking:
More informationAn Analysis of Anomalies Split To Examine Efficiency in the Saudi Arabia Stock Market
An Analysis of Anomalies Split To Examine Efficiency in the Saudi Arabia Stock Market Mohammed A. Hokroh MBA (Finance), University of Leicester, Business System Analyst Phone: +966 0568570987 E-mail: Mohammed.Hokroh@Gmail.com
More informationEFFECTS OF DEBT ON FIRM PERFORMANCE: A SURVEY OF COMMERCIAL BANKS LISTED ON NAIROBI SECURITIES EXCHANGE
EFFECTS OF DEBT ON FIRM PERFORMANCE: A SURVEY OF COMMERCIAL BANKS LISTED ON NAIROBI SECURITIES EXCHANGE Harwood Isabwa Kajirwa Department of Business Management, School of Business and Management sciences,
More informationImpact of Capital Expenditure on Exchange Rate within the Period of the Second and Fourth Republic in Nigeria
76 Impact of Capital Expenditure on Exchange Rate within the Period of the Second and Fourth Republic in Nigeria Saheed, Zakaree S. (Ph.D) Department of Economics and Management Sciences, Nigerian Defence
More informationCREDIT CARDS AND PERFORMANCE OF COMMERCIAL BANKS PORTFOLIO IN KENYA
CREDIT CARDS AND PERFORMANCE OF COMMERCIAL BANKS PORTFOLIO IN KENYA Odhiambo, Alfonse, A. School of Human Resource Development Jomo Kenyatta University of Agriculture and Technology P. O. Box 00200-62000
More informationImpact Analysis of Interest Rate on the Net Assets of Multinational Businesses in Nigeria
Impact Analysis of Interest Rate on the Net Assets of Multinational Businesses in Nigeria Akabom-Ita Asuquo, PhD Department of Accounting, Faculty of Management Sciences University of Calabar P.M.B. 1115,
More informationStandardization of Accounting InformationThrough Ipsas and Public Finance Accountability: a Perspective from Taita-Taveta County, Kenya
IOSR Journal of Business and Management (IOSR-JBM) e-issn: 2278-487X, p-issn: 2319-7668. Volume 18, Issue 11. Ver. V (November. 2016), PP 72-76 www.iosrjournals.org Standardization of Accounting InformationThrough
More informationBudgetary Allocations to the Agricultural Sector in Nigeria: Implications on Investment and Productivity
Journal of Agricultural Science; Vol. 5, No. 11; 2013 ISSN 1916-9752 E-ISSN 1916-9760 Published by Canadian Center of Science and Education Budgetary Allocations to the Agricultural Sector in Nigeria:
More informationPUBLIC CONFIDENCE IN AUDITED REPORT: AN EMPIRICAL REVIEW
PUBLIC CONFIDENCE IN AUDITED REPORT: AN EMPIRICAL REVIEW Obaretin Osasu Department of Accounting, University of Benin, Benin City Jonathan A. Okunbor Department of Accounting, Ambrose Alli University,
More informationEffects of Interest Rate on the Profitability of Deposit Money Banks in Nigeria
Effects of Interest Rate on the Profitability of Deposit Money Banks in Nigeria Samson Adetunji, Oladele E-mail: adetunji.oladele@yahoo.com Michael Olushola Amos Department of Banking and Finance, Federal
More informationInternational Journal of Advance Research in Computer Science and Management Studies
Volume 2, Issue 11, November 2014 ISSN: 2321 7782 (Online) International Journal of Advance Research in Computer Science and Management Studies Research Article / Survey Paper / Case Study Available online
More informationImpact of Foreign Exchange Volatility on Imports: A Case of Nigerian Foreign Exchange Market ( )
Proceedings of the 7th International Conference on Innovation & Management 2007 Impact of Foreign Exchange Volatility on Imports: A Case of Nigerian Foreign Exchange Market (1987-2008) Abba Abubakar Shehu
More informationCorporate Governance and Investment Decision of Small Business Firms: Special reference to India
Corporate Governance and Investment Decision of Small Business Firms: Special reference to India Abstract Rashmita Sahoo 1 This study is basically examines the relationships between corporate governance
More informationThe Factors that affect shares Return in Amman Stock Market. Laith Akram Muflih AL Qudah
The Factors that affect shares Return in Amman Stock Market Laith Akram Muflih AL Qudah Al-Balqa Applied University (Amman University College for Financial & Administrative Sciences) Abstract This study
More informationValue added tax and the financial performance of quoted Agribusinesses in Nigeria
Value added tax and the financial performance of quoted Agribusinesses in Nigeria Uwaoma Ironkwe University of Port Harcourt, Rivers State, Nigeria George T. Peter Rivers State University of Science and
More informationJournal of Internet Banking and Commerce
Journal of Internet Banking and Commerce An open access Internet journal (http://www.icommercecentral.com) Journal of Internet Banking and Commerce, August 2017, vol. 22, no. 2 DETERMINING (IDENTIFYING)
More informationThe Effect of Audit Fees on Auditors Negligence
The Effect of Audit Fees on Auditors Negligence Segun Idowu Adeniyi 1 Abstract: The research work examined the effect of audit fees on auditors negligence. Failure to report certain weaknesses because
More informationBalance of payments and policies that affects its positioning in Nigeria
MPRA Munich Personal RePEc Archive Balance of payments and policies that affects its positioning in Nigeria Anulika Azubike Nnamdi Azikiwe University, Awka, Anambra State, Nigeria. 1 November 2016 Online
More informationImpact of Economic Value Added on Market Value Added : Special Reference to Selected Private Banks in Sri Lanka.
Impact of Economic Value Added on Market Value Added : Special Reference to Selected Private Banks in Sri Lanka. Mrs. P.Muraleetharan Senior Lecturer,, Department of Accounting, Faculty of Management Studies
More informationPublic Perception of the Treasury Single Account in Nigeria
Journal of Economics and Development Studies June 2017, Vol. 5, No. 2, pp. 68-77 ISSN: 2334-2382 (Print), 2334-2390 (Online) Copyright The Author(s). All Rights Reserved. Published by American Research
More informationTHE IMPACT OF CREDIT RISK IN CAPITAL ADEQUACY RATIO IN ALBANIA
International Journal of Economics, Commerce and Management United Kingdom Vol. IV, Issue 6, June 2016 http://ijecm.co.uk/ ISSN 2348 0386 THE IMPACT OF CREDIT RISK IN CAPITAL ADEQUACY RATIO IN ALBANIA
More informationApplication of Budgeting Techniques in Fiscal Institutions in Nigeria
Application of Budgeting Techniques in Fiscal Institutions in Nigeria EHIEDU, Victor Chukwunweike Faculty of Management Sciences, Accounting, Banking & Finance Department Delta State University, Abraka,
More informationIMPERATIVES OF CASH FLOW MANAGEMENT AS A TOOL FOR BUSINESS SUCCESS: AN EMPIRICAL SURVEY OF SELECTED FIRMS IN DELTA STATE NIGERIA
ISSN: 157-9385 Home page: www.arabianjbmr.com/jpds_index.php IMPERATIVES OF CASH FLOW MANAGEMENT AS A TOOL FOR BUSINESS SUCCESS: AN EMPIRICAL SURVEY OF SELECTED FIRMS IN DELTA STATE NIGERIA Okoroyibo Eloho
More informationThe mathematical model of portfolio optimal size (Tehran exchange market)
WALIA journal 3(S2): 58-62, 205 Available online at www.waliaj.com ISSN 026-386 205 WALIA The mathematical model of portfolio optimal size (Tehran exchange market) Farhad Savabi * Assistant Professor of
More informationImpact of Corporate Social Responsibility on Financial Performance of Indian Commercial Banks An Analysis
Impact of Corporate Social Responsibility on Financial Performance of Indian Commercial Banks An Analysis Rajnish Yadav 1 & Dr. F. B. Singh 2 1 Research Scholar (JRF), Faculty of Commerce, Banaras Hindu
More informationTHE INTERNATIONAL JOURNAL OF BUSINESS & MANAGEMENT
THE INTERNATIONAL JOURNAL OF BUSINESS & MANAGEMENT The Effect of Dividend Policy on Stock Price Volatility: A Kenyan Perspective Zipporah N. Onsomu Student, MBA (Finance), Bachelor of Commerce, CPA (K),
More informationExchange Rate Exposure and Firm-Specific Factors: Evidence from Turkey
Journal of Economic and Social Research 7(2), 35-46 Exchange Rate Exposure and Firm-Specific Factors: Evidence from Turkey Mehmet Nihat Solakoglu * Abstract: This study examines the relationship between
More informationABADA UCHECHUKWU DANIEL (ACIB, ANIM) Department of Banking & Finance Madonna University, Okija Campus, Nigeria
THE EFFECTS OF BUDGETARY ALLOCATIONS ON EDUCATION SECTOR REFORM AGENDA: EVIDENCE FROM NIGERIAN PUBLIC SECTOR ABADA UCHECHUKWU DANIEL (ACIB, ANIM) Department of Banking & Finance Madonna University, Okija
More informationWhy Housing Gap; Willingness or Eligibility to Mortgage Financing By Respondents in Uasin Gishu, Kenya
Journal of Emerging Trends in Economics and Management Sciences (JETEMS) 6(4):66-75 Journal Scholarlink of Emerging Research Trends Institute in Economics Journals, and 015 Management (ISSN: 141-704) Sciences
More informationThe Impact of Liquidity on Jordanian Banks Profitability through Return on Assets
The Impact of Liquidity on Jordanian Banks Profitability through Return on Assets Dr. Munther Al Nimer Applied Science University, Faculty of Economic and Administrative Science, Accounting Department
More informationThe Influence of Demographic Factors on the Investment Objectives of Retail Investors in the Nigerian Capital Market
The Influence of Demographic Factors on the Investment Objectives of Retail Investors in the Nigerian Capital Market Nneka Rosemary Ikeobi * Peter E. Arinze 2. Department of Actuarial Science, Faculty
More informationInvesting the effects of Tobin s q ratio and operating growth rate on the level of investment in the chemical industry
Investing the effects of Tobin s q ratio and operating growth rate on the level of investment in the chemical industry Maryam Eydizadeh Department of Management, Central Tehran Branch, Islamic Azad University,
More informationThe study on the financial leverage effect of GD Power Corp. based on. financing structure
5th International Conference on Education, Management, Information and Medicine (EMIM 2015) The study on the financial leverage effect of GD Power Corp. based on financing structure Xin Ling Du 1, a and
More informationCORPORATE TAXATION AND FOREIGN DIRECT INVESTMENT IN NIGERIA Ali Suleiman Saidu Department of Accounting and Finance, Northwest University, Kano.
CORPORATE TAXATION AND FOREIGN DIRECT INVESTMENT IN NIGERIA Ali Suleiman Saidu Department of Accounting and Finance, Northwest University, Kano. ABSTRACT: This study examined the relationship between corporate
More informationEffect of Shareholders Fund on the Investment and Performance of Deposit Money Banks in Nigeria
Effect of Shareholders Fund on the Investment and Performance of Deposit Money Banks in Nigeria Eke Onyekachi Abaa* Ekwe Michael Chidiebere Department of Accounting, Michael Okpara University of Agriculture,
More informationAsset Quality and Bank Performance: A Study of Commercial Banks in Nigeria
Asset Quality and Bank Performance: A Study of Commercial Banks in Nigeria Dr Abata, Matthew Adeolu, Department of Accounting,Faculty of Management Sciences,Lagos State University, Ojo E-mail: abatamat@gmail.com
More informationThe Determinants of Cash Companies in Indonesia Muhammad Atha Umry a. Yossi Diantimala b
DOI: 10.32602/ /jafas.2018.011 The Determinants of Cash Companies in Indonesia Muhammad Atha Umry a Holdings: Evidence from Listed Manufacturing Yossi Diantimala b a Corresponding Author, Faculty of Economics
More informationThe Impact of Liquidity Ratios on Profitability (With special reference to Listed Manufacturing Companies in Sri Lanka)
The Impact of Liquidity Ratios on Profitability (With special reference to Listed Manufacturing Companies in Sri Lanka) K. H. I. Madushanka 1, M. Jathurika 2 1, 2 Department of Business and Management
More informationImpact of Short Term Assets and Liabilities on Profitability of the firm (A case study of Cement Industry in Pakistan)
Abstract: Impact of Short Term Assets and Liabilities on Profitability of the firm (A case study of Cement Industry in Pakistan) Faisal Abbas, Department of Commerce, University of Central Punjab Lahore,
More informationResearch Article Volume 6 Issue No. 5
DOI 10.4010/2016.1292 ISSN 2321 3361 2016 IJESC Research Article Volume 6 Issue No. 5 The Effect of Working Capital Management in the Liquidity of Nokia Corporation: A Study with Special Reference to the
More informationImpact of Electronic Database on the Performance of Nigeria Stock Exchange Market
Impact of Electronic Database on the Performance of Nigeria Stock Exchange Market Kolawole, I.O Z.O Amoo Department of Economics, Lagos State University, P.M.B. 0001, LASU Post Office, Ojo, Lagos Abstract
More informationThe Effects of Liquidity Management on Firm Profitability: Evidence from Sri Lankan Listed Companies
The Effects of Liquidity Management on Firm Profitability: Evidence from Sri Lankan Listed Companies Ravivathani thuraisingam Asst. Lecturer, Department of financial management, Faculty of Management Studies
More informationImpact of Terrorism on Foreign Direct Investment in Pakistan
Impact of Terrorism on Foreign Direct Investment in Pakistan Mian Awais Shahbaz 1, Asifah Javed 1, Amina Dar 1, Tanzeela Sattar 1 1 UCP Business School, University of the Central Punjab, Lahore.Pakistan
More informationARE LOSS AVERSION AFFECT THE INVESTMENT DECISION OF THE STOCK EXCHANGE OF THAILAND S EMPLOYEES?
ARE LOSS AVERSION AFFECT THE INVESTMENT DECISION OF THE STOCK EXCHANGE OF THAILAND S EMPLOYEES? by San Phuachan Doctor of Business Administration Program, School of Business, University of the Thai Chamber
More informationImpact of international financial reporting standards on monetary ratios
2017; 3(10): 45-49 ISSN Print: 2394-7500 ISSN Online: 2394-5869 Impact Factor: 5.2 IJAR 2017; 3(10): 45-49 www.allresearchjournal.com Received: 10-08-2017 Accepted: 11-09-2017 Dr. E Nixon Amirtharaj Assistant
More informationTHE IMPACT OF MARKET RISK IN CAPITAL ADEQUACY RATIO IN ALBANIA
International Journal of Economics, Commerce and Management United Kingdom Vol. IV, Issue 6, June 2016 http://ijecm.co.uk/ ISSN 2348 0386 THE IMPACT OF MARKET RISK IN CAPITAL ADEQUACY RATIO IN ALBANIA
More informationTHE IMPACT OF BANKING RISKS ON THE CAPITAL OF COMMERCIAL BANKS IN LIBYA
THE IMPACT OF BANKING RISKS ON THE CAPITAL OF COMMERCIAL BANKS IN LIBYA Azeddin ARAB Kastamonu University, Turkey, Institute for Social Sciences, Department of Business Abstract: The objective of this
More informationIMPACT OF INFORMAL MICROFINANCE ON RURAL ENTERPRISES
IMPACT OF INFORMAL MICROFINANCE ON RURAL ENTERPRISES Onafowokan Oluyombo Department of Financial Studies, Redeemer s University, Mowe, Nigeria Ogun State E-mail: ooluyombo@yahoo.com Abstract The paper
More informationFactors Affecting Financial Decisions and Corporate Governance Structure of Commercial Banks in Nigeria
Factors Affecting Financial Decisions and Corporate Governance Structure of Commercial Banks in Nigeria O. I. Olaifa Department of Management and Accounting, Ladoke Akintola University of Technology, P.
More informationThe Role of the Jordanian Banking Sector in Economic Development
International Business Research; Vol. 10, No. 4; 2017 ISSN 1913-9004 E-ISSN 1913-9012 Published by Canadian Center of Science and Education The Role of the Jordanian Banking Sector in Economic Development
More information